Tag: Tax Planning

The 2017 Tax Cuts and Jobs Act (TCJA) included a deferred provision that changes the way research and development (R&D) expenses are deducted for tax purposes beginning with the 2022 tax year. Prior to 2022, Read More

It's time for year-end tax planning. Every fall, small business owners should review their tax situations to determine steps they should consider to reduce their federal income taxes for the current year — and beyond. Read More

As the economy marches through the final months of 2022, business owners will face ongoing changes this tax season. Even so, there is still time to take steps to reduce your tax burden. With the Read More

An array of additional services will be subject to sales tax in Kentucky next year under a bill enacted over the governor’s veto. The legislation also reduces personal income tax rates in Kentucky with further Read More

You still have time to significantly reduce this year's business federal income tax bill even with all the uncertainty about proposed tax law changes. Here are five possible moves to consider — but stay tuned Read More

With year end rapidly approaching, it's time to consider making some moves that will lower your 2021 federal income tax bill — and potentially position you for future tax savings. Unfortunately, tax planning is particularly Read More

How did your last tax filing go? Were you stressed out? Surprised by a big tax bill? Angry at your accountant? If you’re like many business owners, filing your taxes can bring stress and anxiety. Read More

Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years. Here are 10 ideas Read More

It is the 4th quarter, it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. There are a lot of moving pieces: The COVID-19 pandemic has caused Read More

The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. Read More